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Nov 9, 2012
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economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear -- >> to have the wealthier americans pitch in. >> -- that raising tax rates is unacceptable. frankly, it couldn't pass the house. >> you will talk about it even if it's the wrong approach. >> of course we'll talk about it. we'll talk about all
economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when?...
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Nov 16, 2012
11/12
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we have a mixed economy that is much more capitalistic. the more the republicans try to drive home the notion of socialism as scary and the idea is look at president obama look at that stuff that he has done, people don't see socialism when they look at that. the republican base don't know what it is. they couldn't define it for them. >> they will define it. there is a tremendous amount. we have a 35% which is pretty good. we is a whole program that is called social security. it is esocialistic program. but the problem is that you can't do buzz words that means one thing. if you are on talk radio. it is never defined but the people who listen to that know that is bad. they don't know what you are talking about. this inside joke they attempted to campaign that. a small part of the universe thinks it is big but it is actually quite small. >> when you object to what i want to do. everybody waits for your second line. they recognize that every country has a lot of socialism. it is a system of pooled risk. socialism and there is no good reason
we have a mixed economy that is much more capitalistic. the more the republicans try to drive home the notion of socialism as scary and the idea is look at president obama look at that stuff that he has done, people don't see socialism when they look at that. the republican base don't know what it is. they couldn't define it for them. >> they will define it. there is a tremendous amount. we have a 35% which is pretty good. we is a whole program that is called social security. it is...
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Nov 10, 2012
11/12
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romney ran a lot of ads about talking about how the economy is hurting latinos. it's not like he was -- he was trying to run the sort of broader message about, here, we're all suffering from this economy together. the thing i want to say is to conservatives who are reading this. >> they're authors of a book called emerging democratic majority which predicts the democratic changes we're seeing. >> it's a great book. political activists say there are no permanent majorities in politics. it's too competitive. republicans will figure it out. i hope they'll figure it out sooner rather than later. >> lorella, on this immigration issue, i'm actually weirdly in the camp of -- well, first, what do you think about the role immigration would play in changing these political dynamics if, let's say, there was a comprehensive reform bill hammered out in this congress, republican congress, democratic president. what would do do to latinos. >> i think latinos overall are very conservative. they're church goers. they not always support abortion. they fall right into your politics
romney ran a lot of ads about talking about how the economy is hurting latinos. it's not like he was -- he was trying to run the sort of broader message about, here, we're all suffering from this economy together. the thing i want to say is to conservatives who are reading this. >> they're authors of a book called emerging democratic majority which predicts the democratic changes we're seeing. >> it's a great book. political activists say there are no permanent majorities in...
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Nov 15, 2012
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the gifts that romney wanted to give to the rich supposedly would have come back to us expanding the economy though there was no evidence of that. romney's gift would have cost taxpayers money. obama's gift saved taxpayers money. >> talk about the splintering inside the republican party or what seems to be happening, you're a supporter of the jindal position which is more tolerant, less coated in racial rhetoric, do you think there's room in the republican party for both of these kinds of voices which is to say, one group of people which is you know karl rove is doubling down saying conservatives shouldn't abandon principles what they need to work on is messaging and bobby jindal advocating for a wholesale rethinking of what conservatism and what the grand old party means in the 2th century. >> i'm encouraged there are more voices and people in the party advocating i think on the jindal side of the argument. i think that -- i was glad in many respect is it was a definitive outcome, there wasn't a split vote on the electoral college and the popular vote. many republicans have gotten the messa
the gifts that romney wanted to give to the rich supposedly would have come back to us expanding the economy though there was no evidence of that. romney's gift would have cost taxpayers money. obama's gift saved taxpayers money. >> talk about the splintering inside the republican party or what seems to be happening, you're a supporter of the jindal position which is more tolerant, less coated in racial rhetoric, do you think there's room in the republican party for both of these kinds of...
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Nov 15, 2012
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it can help the economy. and that's a story that really didn't get out there in this election, and the republican party needs to get better at doing that. >> jp, senior obama campaigned a virz david action l roll sent out this tweet in response, saying still looking for america through that 47% prism that tells donors to take him in. do romney's remarks hurt republicans at a time when they're trying to reach out to minority voters? trying to change the narrative here? >> it hurts. unfortunately for romney, he's going to play much less of a roll in the party now that his bid is over, now that he lost the election. i think people like bobby jindal will have a much louder voice. i think it's a little bit of a step back. but bobby jindal is putting forward the right kind of message, which is the republican party should be going after 100% of voters, not just 53%. >> and governor jindal was visibly annoyed by mitt romney ease comments. but the question may be, did he do a good job in speaking for republicans, tryi
it can help the economy. and that's a story that really didn't get out there in this election, and the republican party needs to get better at doing that. >> jp, senior obama campaigned a virz david action l roll sent out this tweet in response, saying still looking for america through that 47% prism that tells donors to take him in. do romney's remarks hurt republicans at a time when they're trying to reach out to minority voters? trying to change the narrative here? >> it hurts....
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Nov 13, 2012
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to get the support that the president needs to talk about not just inside an ek cochamber what the economy needs moving forward? >> it's essential. what learned from 2011, debt negotiations from 2011, nobody wants to see hours of negotiations around a table where nothing is moving forward. there are solutions and proposals that the president has put out there. he's meeting with business leaders, labor leaders, civic leaders. he'll take his case to the american people. and he knows that this coalition of people who elected him and have serious, you know, beliefs that we need to resolve this are part of the conversation and i think he's learned that lesson and you'll see that in the fiscal cliff but also in his agenda moving quickly. >> former 2012 traveling campaign secretary. a long title. what's the new title for jen in. >> i'm going on vacation with my husband for two weeks. i'm sleeping. i'm headed back to the private sector. i'll always be a big supporter of the president. i'm just excited to see what happens in his second term. >> all right, jen, great to see you. >>> the one-two punc
to get the support that the president needs to talk about not just inside an ek cochamber what the economy needs moving forward? >> it's essential. what learned from 2011, debt negotiations from 2011, nobody wants to see hours of negotiations around a table where nothing is moving forward. there are solutions and proposals that the president has put out there. he's meeting with business leaders, labor leaders, civic leaders. he'll take his case to the american people. and he knows that...
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Nov 15, 2012
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and long island and new york are a an important part of our economy. we want to make sure this is expedited and not just as a local priority. >> that's a long way to go. i want to take your attention back to capitol hill and the developments that we have seen there early this week since congress is back in session. nancy pelosi saying she would stay in her job as democratic leader as long as you stated in yours as the head of the democratic congressional campaign committee. now yesterday she was asked about the democratic leadership. but and i want to play some of what the exchange was and get your reaction to that. take a listen. >> some of your colleagues privately say that your decision to stay on prohibits the party from having a younger leadership and hurts the party in the long term. >> i think that what you will see, and let's for a moment honor it as a legislate question. although it's quite offensive, but you don't realize it, i guess. the fact is that everything that i have done in my almost decade now of leadership is to let younger and newe
and long island and new york are a an important part of our economy. we want to make sure this is expedited and not just as a local priority. >> that's a long way to go. i want to take your attention back to capitol hill and the developments that we have seen there early this week since congress is back in session. nancy pelosi saying she would stay in her job as democratic leader as long as you stated in yours as the head of the democratic congressional campaign committee. now yesterday...
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Nov 10, 2012
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the economy has hugely changed. we have to help all kids, not some kids, regardless of where they start and we have to actually help enable opportunity, critical thinking, applying knowledge because that is the only way kids will be prepared for college and for career and then also civic engagement. >> i wanted to pick up on that a little bit because it's the one thing that i always have anxiety about, the job readiness. on the one hand, yes, of course, we know there's a huge givens between a high school's graduate. this notion of making mistakes. from where i sit at the end of the educational process, at universities, every kid who is in my classes ends up in circumstances where they're from schools where you're encouraged to make mistakes. your experiment fails and you learn from that. to the extent that it's about civic education, you've got to figure out things which means it has to be safe to fail. >> a lot of process. >> it goes back to where the administration is going to be in january. we have some months be
the economy has hugely changed. we have to help all kids, not some kids, regardless of where they start and we have to actually help enable opportunity, critical thinking, applying knowledge because that is the only way kids will be prepared for college and for career and then also civic engagement. >> i wanted to pick up on that a little bit because it's the one thing that i always have anxiety about, the job readiness. on the one hand, yes, of course, we know there's a huge givens...
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Nov 16, 2012
11/12
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with such power, [ rumbling, crowd screaming ] the results could be felt around the world. twice the stain fighting power as the leading liquid value brand. era detergent. a lot of fight for a little dough. era detergent. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] why not talk to someone who's sleeping on the most highly recommended bed in america? ask me about my tempur-pedic. ask me how fast i fall asleep. ask me about stayin
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with such power, [ rumbling, crowd screaming ] the results could be felt around the world. twice the stain fighting power as the leading liquid value brand....
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Nov 14, 2012
11/12
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we have about a 1. -- about a $16 trillion annual economy. so what's called a steep tax increase turns out to be 1% of our national income. now, our budget deficit is 7% of gnp, so this is saying steep tax increase, one-seventh of the way to close the deficit. without in framework, nobody can understand the games, the numbers, the bells and whistles. when you say it's unbalanced, i have to disagree. we don't even know what it is, first of all. but almost everything still is pointing towards significant cuts. and i think cuts that would be pretty devastating, actually. >> you know, jeffrey, when you say nobody understands this, i hesitate to correct you, but you're wrong because we have david gregory. we have david gregory. >> there we go. >> he understands everything. >> i know he does. and that's great. >> david, with your mathematical wizardry and your background in calculus and everything like that, please explain to us the president's framework that he will no doubt explain in public later today. is there a framework? >> i think there is
we have about a 1. -- about a $16 trillion annual economy. so what's called a steep tax increase turns out to be 1% of our national income. now, our budget deficit is 7% of gnp, so this is saying steep tax increase, one-seventh of the way to close the deficit. without in framework, nobody can understand the games, the numbers, the bells and whistles. when you say it's unbalanced, i have to disagree. we don't even know what it is, first of all. but almost everything still is pointing towards...
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Nov 12, 2012
11/12
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we've always owned the economy. and we lost the economy. and that's a heartbreak because you know what else? the president not only won re-election, but he now owns the economy for the next four years. and chances are, the economy's going to improve over the next four years. unemployment's going to go down. gdp growth is going to go up. and four years from now, the party could be in a really difficult situation with an improving economy. that's number one. two, we've always owned strong national security, a confident foreign policy and world view. and we missed an opportunity to address the middle east. and that is how you clean it up. not how you make it worse, how you exert a little bit more in the way of diplomacy as opposed to militancy. i think we missed that one completely. and finally, you know, i think there have always been some libertarian strands in this party of ours. and we're missing that one, too. you know, when i go to college campuses as i do on a regular basis, these young kids coming up -- and we lost a whole lot of them
we've always owned the economy. and we lost the economy. and that's a heartbreak because you know what else? the president not only won re-election, but he now owns the economy for the next four years. and chances are, the economy's going to improve over the next four years. unemployment's going to go down. gdp growth is going to go up. and four years from now, the party could be in a really difficult situation with an improving economy. that's number one. two, we've always owned strong...
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Nov 9, 2012
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can they even go beyond that and help grow the economy? >> you saw some signs -- chuck schumer yesterday said that he would accept a 35% top rate, not insist on it staying -- going back to 39.6%, which was -- >> that's significant. >> that's significant. and so if they're now talking about how high the top rate could be, whether it's 35% or a little bit less, as john boehner would argue, then you're talking about the outlines of a deal. i thought i heard a lot of flexibility in boehner. the kwereal question's going to mitch mcconnell and whether senate democrats can get enough republicans -- bob corker, a key player and some of the other republicans already on the senate side have been talking. there's the gang of eight. olympia snowe working really hard on doing this before she retires. kent conrad on the democratic side. i think there is a deal. but as we've seen with the grand bargain, it can slip away very, very closely. the fact is there was a house gop caucus conference call, and they said they wanted to give the leadership some runn
can they even go beyond that and help grow the economy? >> you saw some signs -- chuck schumer yesterday said that he would accept a 35% top rate, not insist on it staying -- going back to 39.6%, which was -- >> that's significant. >> that's significant. and so if they're now talking about how high the top rate could be, whether it's 35% or a little bit less, as john boehner would argue, then you're talking about the outlines of a deal. i thought i heard a lot of flexibility...
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Nov 16, 2012
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what is their view of the economy given what's going on? what is the proper role of government in this society? what is the role of the united states in the world? what did we learn from iraq and afghanistan? let's have a serious debate, but let's not chalk it up to this or that democratic tactic or this or that failure to get the vote out. that's avoiding any serious learning of lessons here. >> let's go to jon meacham. >> i would love to ask what thomas jefferson would do, mika. >> what would jefferson do? having said that, also how do we -- what's the moving forward conversation to have? because this, again, just shows how bad the candidate was. or how much he didn't fit the conversation that needed to be had all along, which, by the way, was a failure on both sides in the campaign. jon. >> you know, what's fun sometimes in life and in politics is when you can make a vice a virtue. and in this case, the fact that romney was not a good candidate and has now said this, which totally ratifies his 47% comment, those of us who wanted to think
what is their view of the economy given what's going on? what is the proper role of government in this society? what is the role of the united states in the world? what did we learn from iraq and afghanistan? let's have a serious debate, but let's not chalk it up to this or that democratic tactic or this or that failure to get the vote out. that's avoiding any serious learning of lessons here. >> let's go to jon meacham. >> i would love to ask what thomas jefferson would do, mika....
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Nov 8, 2012
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> welcome back to "morning joe." it is time for "business before the bell" with cnbc's brian schactman. brian, what was behind the market's big sell-off yesterday? >> obviously there's some concern about what's going to happen with the fiscal cliff. it is my least favorite term in the world right now. but also europe came back into focus. rioting in greece, a general strike and sentiment from the ecb head that basically germany could get dragged down into recession over this and we were down 320 points. we're up a little bit today, guys. jobless claims at 355,000, down about 8,000. that's pretty good news. two other items to note. one serious, one not-so-serious. here at cnbc in the business world we're parsing mitch mcconnell and john boehner like you guys are to see what realistic possibility there is to get some sort of deal, whether it will be in the lame duck or will continue to kick the can down the road. that's the discuss
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> welcome back to "morning joe." it is time for "business before the bell" with cnbc's brian schactman. brian, what was behind the market's big sell-off yesterday? >> obviously there's some concern about what's going to happen with the fiscal cliff. it is my least favorite term in the world right now. but also europe came back into focus....
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Nov 13, 2012
11/12
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>> well, it's bringing the debt down, moving the economy forward. i think we need a competitive agenda for this country so we're actually working with business to increase exports, to look at some of the rules and regulations. minnesota is second per capita for fortune 500 companies. we care a lot about moving forward with getting workers trained in science, technology, those kinds of things. i think there are exciting opportunities. i think immigration reform has a possibility. >> on competitiveness across the globe, are corporate tax rates too high in america? >> i think they should be brought down but that has got to be part of a bigger deal. we can't just bring them down and not pay for them. it will be closing the subsidies whether it's the oil subsidy, whether it's looking at some of the other ones. so if we could get some grand deal and i think it could happen, where businesses are onboard. not everyone will like it but where you bring the business rates down in exchange for taking those levels on the bush tax cuts for people making over $250
>> well, it's bringing the debt down, moving the economy forward. i think we need a competitive agenda for this country so we're actually working with business to increase exports, to look at some of the rules and regulations. minnesota is second per capita for fortune 500 companies. we care a lot about moving forward with getting workers trained in science, technology, those kinds of things. i think there are exciting opportunities. i think immigration reform has a possibility. >>...
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Nov 15, 2012
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the iranian economy is in complete shambles. the currency is absolutely collapsed. there are reports that they're hoarding gold and bringing it to tehran from turkey in some cases via horseback because they can't buy it on the open market. iran, in this situation, with israel and everything that's going on, watch out. >> i think, peter, you also raised an interesting point that part of the point of putting that video out there is to show the lack of civilian casualties. and i think it's really interesting, and i wonder if this issue will be raised that when our government goes to netanyahu to say, please avoid civilian casualties, i wonder if that's going to raise any sort of eyebrows about our own drone program and our own lack of accountability on what we do with our drone strikes. i hope that issue comes up a little bit more. >> well, i mean, when they say there are no civilian casualties, i mean, that's just not true. look at the shot there, the drone shot, okay? it's in a congested urban area. >> there's a car right next to it, yeah. >> there's a car right next
the iranian economy is in complete shambles. the currency is absolutely collapsed. there are reports that they're hoarding gold and bringing it to tehran from turkey in some cases via horseback because they can't buy it on the open market. iran, in this situation, with israel and everything that's going on, watch out. >> i think, peter, you also raised an interesting point that part of the point of putting that video out there is to show the lack of civilian casualties. and i think it's...